He is one of the world's leading experts on currency boards and measuring and stopping hyperinflations.Asked about why the overall performance seems better compared to 2019 ( when the growth rate felt to -8.2%) despite Corona virus pandemic, sanction pressures and collapse of oil price in markets, Hanke said: “One reason that the growth prospects for Iran that are anticipated by the World Bank are not uglier is that they were already extremely ugly in 2019. Meanwhile, prices went up faster for: education (20.6% vs 20.5%).
Tehran (ISNA) –World Bank in its report “global economic prospects” predicted -5.3% growth for Iran this year but it said the growth for the next year will be reach to 2.1 percent which means an end to 3 consecutive years of contraction. On a monthly basis, consumer prices increased 2.5 percent in May, the most since last December.The annual inflation rate in Iran decreased to 19.8 percent in April 2020 from 22 percent in the previous month. Reference Inflation accelerated for: food & non-alcoholic beverages (11.9% vs 10.7% in April); housing & utilities (21.5% vs 20.4%); transport (48.4% vs 47.4%); furniture & household equipment (25.6% vs 25.4%); miscellaneous goods & services (22.6% vs 21.8%); health & medical services (21.9% vs 20.7%); communication (6.5% vs 4.2%); and tobacco (13.9% vs 11%).
Inflation Rate (CPI, annual variation in %) 11.1. 2019.
SCI: Inflation Gap Among Income Deciles Reaches 4.2% June 24,2020 The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 4.2…
Inflation Rate YoY 3- Sudan, 81.3%.
It was as high as 114% in May 2020. Inflation accelerated for all categories: food & non-alcoholic beverages (14.9% vs 11.9% in May); housing & utilities (21.7% vs 21.5%); transport (48.6% vs 48.4%); furniture & household equipment (26.6% vs 25.6%); miscellaneous goods & services (25.3% vs 22.6%); health & medical services (24.0% vs 21.9%); communication (7.0% vs 6.5%); clothing & footwear (28.0% vs 22.7%); restaurants & hotels (17.9% vs 16.5%); recreation & culture (26.5% vs 24.7%), and tobacco (16.0% vs 13.9%).
Steve Hanke is a Professor of Applied Economics at the Johns Hopkins University in Baltimore (USA). Inflation Rate YoY
According to the Iranian Statistical Center, the average annual inflation rate in Iran has reached 40.4%, the highest rate in the past 23 years. The smallest groups are Recreation and culture; Education; Restaurants and hotels; Communication; Tobacco at and Miscellaneous services and goods. Inflation Rate YoY
Also, prices increased less for: housing & utilities (22% vs 22.3%); transport (44.8% vs 54.1%); clothing & footwear (29.7% vs 32.1%); furniture & household equipment (26.2% vs 28.1%); restaurants & hotels (25.2% vs 30.2%); miscellaneous goods & services (24.2% vs 24.7%); health & medical services (22.1% vs 23.2%); recreation & culture (26.6% vs 29.4%); communication (3.3% vs 3.5%); and tobacco (8.4% vs 10.7%). Inflation Rate YoY 2017.
Sudan has been struggling with high inflation rates for more than a decade. Iran - Average consumer prices inflation rate 41.1 (%) in 2019 In 2019, inflation rate for Iran … In October 2019, only three short months until the end of the year, the International Monetary Fund forecasted that Iran's end of year inflation rate would be 31.1%/yr. Iran inflation rate for …
Well, I measured Iran's annual inflation rate on December 31, 2019, and it was only 20.1%/yr".
Meanwhile, prices went up faster for: transport (47.4% vs 44.8%); communication (4.2% vs 3.3%); and tobacco (11% vs 8.4%). The Trading Economics Application Programming Interface (API) provides direct access to our data.
This was the lowest inflation rate since July 2018, mainly due to a softer rise in prices of food & non-alcoholic beverages (10.7% vs 14.8% in March), the lowest since May 2018. All rights reserved
On a monthly basis, consumer prices increased 2.1 percent in April, the highest level since last December. 2015.
This was the lowest inflation rate since July 2018, mainly due to a softer rise in prices of food & non-alcoholic beverages (10.7% vs 14.8% in March), the lowest since May 2018. TEForecast Iran inflation rate for 2019 was 39.91%, a 21.89% increase from 2018. Inflation Rate YoY Iran's annual inflation rate in 2019 only 20.1%/yr: Steve Hanke Tehran (ISNA) –World Bank in its report “global economic prospects” predicted -5.3% growth for Iran this year but it said the growth for the next year will be reach to 2.1 percent which means an end to 3 consecutive years of contraction. If you look at the inflation forecasts for countries that are experiencing elevated rates of inflation, you will see that they always turn out to be wildly inaccurate" Hanke said, adding that:" Just look at the IMF's forecasts for Iran. The annual inflation rate in Iran increased to 21.0 percent in May 2020 from 19.8 percent in the previous month.
And today, Iran isn’t even close to the hyperinflation threshold.
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